The 4.7-hectare project must be approved by the Squamish Nation’s approximately 3,000 members in a referendum on Dec. 10.
They’ll have to decide if they are comfortable with the idea of a 50-50 profit-sharing partnership with Vancouver developer Ian Gillespie of Westbank Corp. The Squamish would provide the land, and Westbank would do the construction. Mr. Gillespie’s company is just finishing the Vancouver House project across the inlet, which, at 56 storeys, will be the same height as the tallest tower of Senakw.
A letter from the council to nation members says that, through a formal request for proposals and an assessment by the accounting firm Ernst & Young, “council concluded that a partnership with Westbank … will generate highest [financial value] and best-use leasing opportunities at Senakw.”
GlobeBC How will this get financed?
GlobeBC Gorgeous. MOAR TOWERSSSS
teririch GlobeBC GOOD!!! About time we had real development in VAnRE vanpoli bcpoli
GlobeBC Love it. Really happy to hear this is finally happening!
GlobeBC Great news! I live near here and support 100%!!
GlobeBC Same plan in NV...evade council by teaming up with First Nations band...
GlobeBC No pipeline but eleven towers with no consolation is ok
GlobeBC Share the wealth for clean water
GlobeBC Increased density for increased profit. They sound like any real estate developer.
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